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AUD/USD Outlook (11 June 2021)

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AUD/USD Outlook (11 June 2021)

ByJin Dao Tai

 JUN 11, 2021

AUD/USD Outlook (11 June 2021)

Overall, AUD/USD is ranging across.

Day 1 of the G7 meetings will be held today. During this time, there may be volatility in the market. Also, day 2 and 3 of the meetings will be held over the weekend.

Most Australian banks will be closed next Monday in observance of the Queen’s Birthday. Expect lower trading volatility and volume during the usual Australian market hours.

AUD/USD’s next support zone is at 0.75500 and the next resistance zone is at 0.78000.

Look for short-term selling opportunities of AUD/USD.

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